| Stocks indecisive ahead of resultsCNN - 1 hour agoNEW YORK (CNNMoney.com) -- Techs dipped and the broader market struggled near midday Monday as investors mulled a report showing a jump in Chinese exports, considered a weaker dollar and geared up for the start of the quarterly reporting period. The Dow Jones industrial average () was barely changed nearly 2-1/2 hours into the session. Stocks zigzag ahead of Alcoa earnings report Chicago Tribune U.S. government kicks off Detroit auto showMarketWatch - 14 minutes agoDETROIT (MarketWatch) -- The U.S. government, a deep-pocketed investor in the car business these days, made its presence known early at the 2010 North American International Auto Show in Detroit on Monday. Transportation Secretary Ray LaHood, much like a man with skin in the car game, delivered the first rah-rah presentation of the day while Speaker of the House Nancy Pelosi is slated to close Monday's showcase on the main stage. Ford Fusion Hybrid wins Car of the Year CNN | |
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The New Bond BubbleSmartMoney - 7 hours agoChristopher Van Slyke has an unusual dilemma for a financial planner: He won’t sell the investment many of his prospective customers now want to buy. About a year ago, he started getting a stream of potential clients coming into his Los Angeles office wanting “risk-free” portfolios stuffed with bonds. Hedge Fund Strategies, at Smaller Prices New York Times Chinese financials lead Asia higherMarketWatch - 7 hours agoHONG KONG (MarketWatch) -- Asian stock markets ended mostly higher Monday, with Shanghai equities lifted by brokerages after China's cabinet approved market-reform measures such as the launch of index futures and short-selling. Most other regional markets also gained, with a sharp increase in commodity prices spurring resource stocks. Australian Gold Stocks Up Wall Street Journal |
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The Slow Unraveling Of The Dodd MystiqueChicago Tribune - 1 day agoAfter living a charmed political life for more than 30 years, Sen. Christopher Dodd collided with 's maxim that "behind every cloud is another cloud." Dodd managed the rare trick of turning some isolated storms into a deluge that forced him to abandon his race for re-election. The Slow Unraveling Of The Dodd Mystique Chicago Tribune Venture Defaults on Stuyvesant TownWall Street Journal - 2 days agoTishman Speyer and Inc. said Friday that they wouldn't make a full scheduled debt payment to senior lenders on Stuyvesant Town and Peter Cooper Village, triggering default and leaving one of New York's largest apartment complexes in limbo. The joint venture "has been engaged in discussions with CWCapital, the special servicer acting on behalf of the lenders, and hopes to continue good-faith negotiations toward a potential restructuring of the debt," the venture said in a statement. NYC Stuyvesant Town complex misses payment Reuters |
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Japan Said to Distance JAL From Delta and AmericanNew York Times - 6 hours agoDelta Air Lines and will not be invited to invest in Japan Airlines until after a new management has been put in place, if ever, Reuters reported, citing a person familiar with the matter. The government has sounded out Kazuo Inamori, the 77-year-old honorary chairman of electronics components maker , about becoming JAL’s new chief executive officer and overseeing its restructuring, the report added. Japan fund leaning towards JAL delisting - source Reuters Arabtec's Aabar Deal May Signal Looming LossesNew York Times - 7 hours agoArabtec Holding , based in Dubai, may need a $1.7 billion investment by Abu Dhabi’s Aabar Investments to cope with future losses, analysts said on Sunday, as the construction company’s shares fell 6.9 percent. On Friday, investment firm Aabar, 71 percent owned by the U.A.E. federal government, offered to buy a 70 percent stake in Arabtec through a convertible bond at 2.3 dirhams per share, in a deal valued at $1.7 billion. Arabtec's Aabar deal may signal looming losses Reuters How would a new health insurance pool work?Los Angeles Times - 9 hours agoReporting from Washington - I hear the healthcare bill will create an immediate insurance pool for people who can't get insurance. Both the House and Senate bills would provide $5 billion to create a temporary insurance pool until an insurance exchange is up and running. The Health Choices Czar Wall Street Journal |
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China market reform may end Shanghai-HK price gapMarketWatch - 11 hours agoHONG KONG (MarketWatch) -- Beijing's approval of stock-index futures and additional reforms designed bring its markets into line with other major bourses should help shrink the valuation gap that has kept yuan-denominated shares at a premium to similar shares listed in Hong Kong, analysts said. China's State Council approved Friday the launch of stock-index futures and a trial program for short selling and margin trading -- the purchase of stock using brokerage loans. In Hong Kong, Mollycoddling Over Rusal IPO Wall Street Journal |
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Debt Plan in Argentina Sets Bank Against the PresidentNew York Times - 14 hours agoRIO DE JANEIRO — A disputed plan by President Cristina Fern?ndez de Kirchner of to use billions of dollars in foreign currency reserves to repay debt has inflamed political tensions in that country, Latin America’s third-largest economy. Mrs. Kirchner’s cash-poor government is seeking to use $6.5 billion of Argentina’s nearly $48 billion in central bank reserves to help cover $13 billion in international debt that is due this year. Argentine Leader in Decisive Battle Wall Street Journal Bank CEOs to answer for financial crisisCNN - 2 days agoWASHINGTON (CNNMoney.com) -- As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hearings on Wednesday and Thursday. Top Bankers to Testify Next Week Wall Street Journal |
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Nervous Venezuelans buy TVs after devaluationReuters - 1 day agoCARACAS (Reuters) - Shouting "buy, buy, the world is going to die," Venezuelans went on a frantic shopping spree on Saturday following a sharp currency devaluation that is expected to drive up prices. President Hugo Chavez announced a dual system for the fixed rate bolivar Friday night while much of the country was watching a baseball game. Chavez Devalues Currency Wall Street Journal |
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Ch?vez Devalues Currency Amid Fall in Oil PricesNew York Times - 2 days agoCARACAS, Venezuela — President announced a sharp devaluation of ’s currency on Friday night, a move that reflects the financial stress faced by his government since the price of , the country’s top export commodity, fell from its peak as a result of the global financial crisis. The action, which Mr. Ch?vez had repeatedly ruled out in the past , came after Venezuela’s economy contracted by 2.9 percent in 2009. Venezuela's Chavez devalues currency Reuters |
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Iraqis say they were forced to take Blackwater settlementLos Angeles Times - 9 hours agoReporting from Baghdad - Several victims of a 2007 shooting involving American private security guards employed by the firm formerly known as Blackwater alleged Sunday that they were coerced into reaching settlements, and they demanded that the Iraqi government intervene to have the agreements nullified. The Iraqis said they were pressured by their own attorneys into accepting what they now believe are inadequate settlements because they were told the company was about to file for bankruptcy, that its chairman was going to be arrested and that the U.S. government was about to confiscate all of the firm's assets. Victims of Blackwater shooting in Iraq claim coercion in settlements Denver Post |
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GOP aides clash over party chairmanCNN - 2 days agoRepublican National Committee Chairman Michael Steele is under fire from members of his own party. Washington (CNN) -- GOP tempers flared during a routine conference call when House and Senate leadership aides confronted Republican National Committee staffers over recent comments by party chairman Michael Steele. GOP aides clash over Michael Steele CNN |
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